Information Services Group, Inc. (NASDAQ:III) Short Interest Update

Information Services Group, Inc. (NASDAQ:III - Get Free Report) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 185,200 shares, a growth of 24.1% from the January 31st total of 149,200 shares. Approximately 0.6% of the company's stock are short sold. Based on an average daily trading volume, of 95,500 shares, the days-to-cover ratio is presently 1.9 days.

Information Services Group Stock Up 6.5 %

III stock traded up $0.20 during trading on Friday, hitting $3.30. 110,220 shares of the stock traded hands, compared to its average volume of 102,224. Information Services Group has a 1 year low of $2.92 and a 1 year high of $4.29. The firm's 50 day moving average is $3.18 and its two-hundred day moving average is $3.28. The stock has a market cap of $161.94 million, a price-to-earnings ratio of -47.14, a price-to-earnings-growth ratio of 1.34 and a beta of 1.15. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.97 and a quick ratio of 1.97.

Institutional Trading of Information Services Group

Several institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in Information Services Group by 28.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,041 shares of the business services provider's stock valued at $47,000 after acquiring an additional 3,092 shares during the period. Picton Mahoney Asset Management lifted its stake in Information Services Group by 47.2% during the 4th quarter. Picton Mahoney Asset Management now owns 9,704 shares of the business services provider's stock valued at $32,000 after acquiring an additional 3,110 shares during the period. Williams & Novak LLC lifted its stake in Information Services Group by 10.3% during the 4th quarter. Williams & Novak LLC now owns 43,775 shares of the business services provider's stock valued at $146,000 after acquiring an additional 4,080 shares during the period. Wells Fargo & Company MN lifted its stake in Information Services Group by 29.3% during the 4th quarter. Wells Fargo & Company MN now owns 20,915 shares of the business services provider's stock valued at $70,000 after acquiring an additional 4,741 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in Information Services Group by 195.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,710 shares of the business services provider's stock valued at $26,000 after acquiring an additional 5,104 shares during the period. 73.10% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

III has been the topic of a number of recent research reports. Singular Research raised shares of Information Services Group from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday, November 14th. StockNews.com raised shares of Information Services Group from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Finally, Barrington Research increased their price objective on shares of Information Services Group from $3.50 to $3.75 and gave the company an "outperform" rating in a research report on Monday, November 11th.

About Information Services Group

Information Services Group, Inc, together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management; and market intelligence and technology research and analysis services.